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of the of come. either candidate could win this election by a sizable margin, if you consider a sizable margin to be two or 3 percent, perhaps, regardless of what these polls are saying today. one group or demographic, like independent voters, could swing the election in the waning hours of the campaign. and what should worry the obama campaign with their race so tight that you can hear is quilt is not the unraveling cover-up on been gauzy or a bust response to a major east coast hurricane. what should worry the obama campaign is that this race is all about the economy, his record, and responsibility where the unemployment rate and in this economic recovery now stand. voters simply trust governor romney more on this most important issue. let's reveal -- that is revealed in poll after poll. a new "washington post" poll shows governor romney turning the economy around. with an 11-point lead as well, and to america trust more to work with both parties in congress. so to give this election does turn on the economy, governor romney has, perhaps, an edge going into the election's final hours. we wil
will be the impact on election day. >> we talk about the election. >> today is halloween, but a lot of people here are thinking we just about had all of the tricks we can stand. former reagan economic's advisor arthur lapert joins us next. lou: the east coast beginning to dig out from devastation, caused by hurricane sandy. the economic impact we examine in a moment. the financial markets reopened for trading today, for the first time this week. after being closed for two days in a row, for the first time since 1888 for weather conditions. the dow and nazdaq losing today. s&p up. 3.5 billion shares were traded on new york stock exchange. moderate volume but what was about daily average before hurricane sandy. the hurricane, related stocks, posted strong rallies today. eagle materials, makers of sheetrock up almost 10%. owens corning up. beacon roofing, up over 4%. one of the biggest losers was western union, fell 29%, mising on revenue, guiding expectations lower for the fourth quarter. lumber prices hitting a 19 month high, rising 10-cents a board foot, the loss of homes need to be rebuilt. and i
throughout this hour. >> superstorm sandy, hit 21 states and dc. what will be the impact on election day. >> we talk about the election. >> today is halloween, but a lot of people here are thinking we just about had all of the tricks we can stand. we can stand. former reagan economic's seems they haven't been moving much lately. but things are starting to turn around because of businesspeople. and regions is here to help. with the experience and service to keep things rolling. from business loans to cash management, we want to be your partner moving forward. so switch to regions. and let's get going. together. lou: the east coast beginning to dig out from devastation, caused by hurricane sandy. the economic impact we examine in a moment. the financial markets reopened for trading today, for the first time this week. after being closed for two days in a row, for the first time since 1888 for weather conditions. the dow and nazdaq losing today. s&p up. 3.5 billion shares were traded on new york stock exchange. moderate volume but what was about daily average before hurricane sandy. the hur
of us. >> it is a very important election and important time to be an american. >> no one covered it like neal to the convention and debate. he will be on it right to the end. join neal as he hosts a special live cost of freedom. it is kicking off at 10 a.m.. we'll be back on sunday for a special on sunday. and biggest and brightest name in business and politics all weekend long. you can't afford to mix it. up next right here. >> you can take a look. >> governor romney. you did not say you would prived -- >>> and a lot of americans googngo see who write >> how it could have sached xpayers billions, coming up next . oohooooooooooooo track it on the website at foxnews.com. >> autobail out a popular google term. >> these companies need to go through a managed bankruptcy and they can get government help. but they have to get rid of excess cost and the debt burden they built up. >> governor romney. >> we did look that up and governor romney is right. the federal government should provide guarantees for post bankruptcy financing . car buyers, their cars are not at risk. the fedal commur
a third straight day of campaigning because of sandy, how will the superstorm impact elect, will election day be postponed? don't go away. follow the wings. gerri: it's one week until the election, or is it? talk of delaying the election growing, as state and federal officials get better idea of the havoc to sandy brought on the east coast. peter is, moving the election a possibility. >> it is not federal law sets date for president's election, and only congress can change that law, it is not changing it in the next week. but the law does give states some leeway, in maybe moving votvoting days adding election days, make up election days in cases of emergencies like hurricanes. new jersey governor chris christie said his secretary of state, was talking with other east coast secretaries about developing contingency plans for election day, depending on how power situation we assume g no announcements on any of that, and the governor, he was a little busy with other problems. >> i don't give a dam about election day, it does not matter a lick to me at the moment, i have much bigger fish to f
of sandy, how will the superstorm impact elect, will election day be postponed? don't go away. seems they haven't been moving much lately. but things are starting to turn around because of business people like you. and regions is here to help. with the experience and service to keep things rolling. from business loans to cash management, we want to be your partner moving forward. so switch to regions. and let's get going. together. why let erectile dysfunction get in your way? talk to your doctor about viagra. ask if your heart is healthy enough for sex. do not take viagra if you take nitrates for chest pain; it may cause an unsafe drop in blood pressure. side effects include headache, flushing, upset stomach, and abnormal vision. to avoid long-term injury, seek immediate medical help for an erection lasting more than four hours. stop taking viagra and call your doctor right awa if you experience a sudden decrease or loss in vision or hearing. this is the age of taking action. viagra. talk to your doctor. i've got a nice long life ahead. big plans. so when i found out medicare doesn'
election and most importantly, you and your family. accu-weather meteorologist joining me now. he has been tracking the path. what are you seeing? >> well, it looks like we are just upon landfall within the next 28-30 minutes, like you said. far reaching effects, just the sheer magnitude, encompassing over 1,000 miles. we go from the heavy snow to the flooding rains. let's talk about the biggest impact for the next couple of hours. of course for coming above high tide. battery park 8:00. and thinking we will see 11, even 11 and a half feet of water rise, close to some record levels all the way down the jersey coastline with the biggest impact is felt, again, from the battery southboond. so definitely some very nasty conditions likely to continue for the next several hours. gerri: as you look at your map and you consider what is going on, i'm troubled territory for so many out there. is this storm, have you ever seen anything like this? >> nothing. in all my years of forecasting a have never seen a system make a move north and then been back off to the west. extremely low pressure. will lik
the other elected officials on the island have been asking about coordinating. if they don't have food, we get it. things like that areinally getting coordinated. gerri: is red cross on the scene? speak of the national ceo came up to me and gave me a hug. they have been coming in since last night. i got him a place to stay and got them some hot foodast night. there are many more of them today. in their defense, we called three days ago but a lot of them started driving from down south three da ago. we didn't understand what was taking so long but a lot of them were driving big rigs. gerri: a final question for you. i sure you have heard mayor michael bloomberg has canceled new york city marathon, what do you make of that? >> that was absolutely the right call. the mayor shouldn't have allowed it to go forward push a lot of leadership in hearing the y of the people and realizing it is not about showing how resilient we are. we have been through it all. but just agree it would have been a nightmare and shifting resources away from the people that literally the death toll is still going up a
. don't look now but five days out ahead of the elections the issues the white house wanted to keep a lid on it might have blown up in its face. to the effort mentioned jennifer griffin on what this means and what now. >> i have seen some e-mail traffic suggesting the great frustration of senior count counterterrorism claim it was counterterrorism security group was not called. investor chris stevens was missing for nearly six hours. they did not know where the investor was or whether it was a hostage situation for more than six hours and they still decided the top levels of the obama administration not to activate counterterrorism group. this group normally coordinates interagency response to the terror attack against u.s. interests overseas. the decision was also made by the secretary of state and others not to deploy a foreign emergency support team which is an interagency rapid response unit composed of elements from the state department and others to help facilitate a response to terror attacks against the u.s. overseas. some officials suggest a team deployment of certain allo
more remorse. i have always underestimated them. when we come back, election day fallout, 20 states are involved, that could have a power outage affecting millions of people who might not be over this a week from now when we vote. what do you do? what do you do? 0t[h7 4g lte is the fastest. so, which supeast 4g lte service would yochoose, based on this chart ? don't rush into it, i'm not looking for the fastest answer. obviously verizon. okay, i have a different chart. going that way, does that make a difference ? look at verizon. it's so much more than the other ones. what if we just changed the format altogether ? isn't that the exact same thing ? it's pretty clear. still sticking with verizon. verizon. more 4g lte coverage than all other networks combined. neil: i'm going to defer to my historian expert. 20 states have varying degrees of damage and power outages that could still last through election day, appreciably making it -- potentially making it next to inpossible for americans to go out and vote. author and historian douglas brinkley on that. you are going to have a lot o
mo remorse. i have always underestimated them. when we come back, election day fallout, 20 states are involved, that could have a power outage affecting millions of people who might not be over this a week from now when we vote. what do you do? what do you do? neil: i'm going to defer to my historian expert. 20 states have varying degrees of damage and power outages that could still last through election day, appreciably making it -- potentially making it next to inpossible for americans to go out and vote. author and historian douglas brinkley on that. you are going to have a lot of people in that pickle next week. we can't, i guess, willy-nilly extent election day beyond a federal court order, but what happens? >> well, neil, one of reasons we have a electoral college, every once in a while people debate. but in this case, this one state has to you know have a group of people that are not able to vote, it will be a littleit easier to tabulate a small portion of the state. imagine if we did a national recount. so in a lot of ways bad weather like this reinforces leak we s why we
but it is the collective of all of us. >> it is a very important election and important time to be an american. >> no one covered it like neal to the convention and debate. he will be on it right to the end. join neal as he hosts a special live cost of freedom. it is kicking off at 10 a.m.. we'll be back on sunday for a special on sunday. and biggest and brightest name in business and politics all weekend long. you can't afford to mix it. up next right here. >> you can take a look. >> governor romney. you did not say you would prived - >>> and a lot of americans googling to see who write. >> how it could have sached taxpayers biions, coming up next . oohooooooooooooo i'm a nservative investor. i invest in what i know. i turned 65 last week. i'm getting married. planning a life. there are risks, sure. but, there's no reward without it. i want to be prepared for the long haul. i see a world bursting with opportunities. india, china, brazil, ishares, small-caps, large-caps, ishares. industrials. low cost. every dollar counts. ishares. income. dividends. ibonds. i like bonds. ishares. commodities. diversifat
crazy. >> myths about the election. >> neil: the auto industry zero argo bankrupt? >> and that is our show tonight. john: tonight we exploded duty night about elections and a natural disaster. i am told hurricane sandy is proof we need a powerful federal government, the fema to provide emergency management. the just makes sense. disaster across state lines who but the fed can help? the new york times declared a big star requires big government. very few politicians are skeptical. it is a relief to turn to ron paul. doctor, it is of myths that we need fema? >> i think so. it causes more harm than good. we handle plus a disasters 204 years before we had fema i have taken this position for a long time since the was first in office and i kept getting reelected because people were tired of fema. locked into insurance and it is a bureaucracy. they just takeover. john: across the fed line they have to have rolled? >> no. we should have real insurance. it causes many of the problems because they say you have to have insurance. they will noo sell it. that tells you it is too dangerous. soap ri
of tonight's show. in the final jobs report before election day is out, what do the numbers really say about the unemployment crisis innthis country? answers next. gerri: coming up the job right picks up as people return to the workforce. john is 42. mortgage. married. two great kids. he wants to protect his family with a $500,000 term life insurance policy. what do you think it'll cost him? a hundred dollars a month? sixty? forty? actually none of the above. john can get a $500,000 policy -from a highly rated insurer - for under $25 a month. his secret? selectquote. selectquote is impartial. o give you a choice of your best prices. selectquote has great savings on term life for women, too. john's wife carrie, can get a $500,000 policy for under $16 a month. selectquote has helped make term life insurance affordable for hundreds of thousands of people since 1985. how about yo just call this number or visit selectquote dot com. gerri: unemployment up is always hiring. 171,0 jobs added to the jobless rat picking up to 7.9% because more people are going on the job hunt. here to break it down, s
on fox news then election night yourself -- itself. we will be there as long a it takes. we have a great caterer. >> myths about disaster. >> it is not her fault to the economy. >> i should do this. >> this super pac is going crazy. >> myths about the election. >> neil: the auto industry zero argoankrupt? >> and that is our show tonight. john: tonight we exploded duty night about elections and a natural disaster. i am told hurricane sandy is proof we need a powerful federal government, the fema to provide emergency management. the just makes sense. disaster across state lines who but the fed can help? the new york times declared a big star requires big government. very few politicians are skeptical. it is a relief to turn to ron paul. doctor, it is of myths that we need fema? >> i think so. it causes more harm than good. we handle plus a disasters 204 years before we had fema i have taken this position for a long time since the was first in office and i kept getting reelected because people were tired of fema. locked into insurance and it is a bureaucracy. they just takeover. joh
coming year from 10-12 on sunday . back on the air. of course, election night. we mean business. gerri: hello, everybody, i am gerri willis. tonight mayor michael bloomberg foed to flip-flop backing away from his decision to allow the new york city marathon to proceed just six days after the biggest and most instructive storm in the northeast in 74 years. bloomberg had said a marathon would bring new yorkers back together and was importance to the city's economy added $370 million for runners and race fans. but proceeding to new york city boughs sunday when many of them have been declared disaster areas, homes destroyed, boardwalks missing, residents without food, power or water was a repulsive idea to some. >> no one else has been here. i have not heard from fema, the coast guard, n one. it is startling. >> very angry and fed up. what are , is this america? i don't know. i don't know. i don't like it. we are going downhill. >> i came here four or five years ago, expected we came here for a better life, opportunity, and this is what we come from. this is ridiculous. not how it is suppo
on the economy right before the election are not encouraging for the president. good morning, everyone. do you want gas? in the new york area, you will have to wait for hours, you want power? millions will wait for days, but it's the supply of gas that is today's crisis. driving to work will be almost impossible for millions. piled on top of the mass power outage, the whole nation's economy will surely take a hit. new numbers today, paint a grim picture on employment and it's a snapshot of the economy which remains weak. the latest fox news poll shows a dead heat and the candidates are tied five days to the election. we are we go. another big day. "varney & company" is about to begin. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the marke he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td amer
this as evidence that voters should elect them on tuesday. >> today our businesses have created nearly 5.5 million new jobs. today we learned companies hired war in october. >> he said he would lower the unemployment rate. today we learned it is 7.9%. that is 9 million jobs short of what he promised. unemployment is higher today than when barack obama took office. rich: president obama's -- the romney campaign has featured bankruptcy with the government providing guarantees proposed financing. ohio could very well decide this race. president obama returned tomorrow. governor romney later this weekend. david: thank you very much. let's bring in our panel. liz: we have jeff cleveland and fill -- the action you saw today, didn't say anything about what we may see next week and review a little perplexed? >> we sell gold and silver get liquidated. they thought that qe maybe a little shorter and its duration. as the day went on, we sell oil prices continue to decline. we sell gold and silver break down harder. that put a lot of pressure on the margin situation. liz: we need to show a gold chart. gold pl
single one of them. liz: call it a lucky streak. began with the election of abraham lincoln, victories for harrison, hoover, mckinley, eisenhower and reagan. we'll see if we make-or-break the cycle. david: have a wonderful weekend. melissa: i'm melissa francis and here's what's money tonight. bone dry. the gas crisis deepens. officials say receive is on the way but the shortages could keep spreading before things get better. "money" covers all the angles. >>> plus, tempers reach a breaking point in the post-storm aftermath. the power is still out and supplies are dwindling. could civil unrest be far behind? we'll talk to one business owner who says order is unof ravelling fast. >>> a firestorm erupt over the new york city marathon, generators, water, valuable resources are being used while countless new yorkers are still suffering. the mayor says the race will go on. i think it is crazy. a legendary marathon runner is here exclusively to disagree with me. even when they say it's not it is always about money melissa: all right. first let's take a look at the day's market head
with the election? very latest from the campaign trail. melissa: and we want to get you up to speed on the very latest on the storm aftermath. frustration is mounting. residents are outraged saying they have been ignored while aid goes to other parts of new york and new jersey, the desperation really mounting and the national guard is on the ground finally in staten island surveying the damage. lori: look at these long lines, people waiting for gasoline. new reports that people are siphoning fuel and even just giving up leaving their cars at the stations. melissa: hundreds of homes have been destroyed but the city is still planning to run the annual marathon. that kicks off on sunday. lori: we're waiting for comments from new york city mayor michael bloomberg expected to speak momentarily. the mayor is beating to speak, let's listen. >> an update on the city's recovery from sandy as of this moment. i went to some of the areas in south brooklyn hit hardest by the storm. i did talk to some homeowners, went inside some of their houses and some had been severely damaged by sandy. the homeowners are
: president obama said it for the floor before the election. chris christie be just the ticket to boost president obama in the polls, we will ask lou dobbs. ashley: let's get to nicole petallides on the floor of the nyse. she is back in action. nicole: we are back in action. the boards of the nyse open and most folks made it here in some form. a smooth opening, some down arrows across the board for the most part but after two days of no trading we are back in action. most of the dow components have down arrows and focus duncan neiderauer, the ceo of the stock exchange, i asked him if they could open monday or tuesday and fear is what he had to say. >> we certainly could have operated electronically. what the industry told us sunday was please don't open electronically because we have to put a lot of our people in harm's way so let's not do that. i wish the industry and we came to decision sunday, we all made the right decision. it would have been irresponsible and dangerous to be open monday and tuesday. nicole: we will follow opening the reopening of the stock exchange. that headline o
focusing on canceling events. one week to go until the election day. connell: we have an update coming up shortly from governor andrew coumo of new york. the national hurricane center releasing the latest update on hurricane sandy. dagen: we are with our chief forecaster from weather.com. the storm is working its way in. reporter: is weakening pretty quickly. but it is really following apart fast. the next 24 to 36 hours, the major weather event from this is falling snow. now we have to deal with the cleanup operation. sandy is a storm that is long overdue. we have been overdue on the eastern seaboard, because we are in a cycle that the east coast should get hit. again, i have been stressing this. people that follow me over the years know that i have always wondered why we have never seen a storm that comes between bermuda into the mid-atlantic states. if you look at other areas, you have seen storms turn that way out there. so if you want to look at the storm as far as historic perspective goes, the lowest pressure on tremper metric pressure we have ever had. secondly, the storm surge is
're on the threshold, we're in a month that actually has pretty low gas leap demand, pretty near election time. melissa: i know you're one of the best guys i know about following prices in various areas. already new jersey officials are launching an investigation into potential price gauging you see people lined up for two hours in jersey, the guy that owns the station will raise the price. kind of makes sense of the people really want what he has. is there price gouging going on do you think? >> i haven't seen it. at this i think mostly about people panicking and believing they need to buy fuel and thinking it will not be there a week or so from now. you have to remember the region is under the microscope. the oil industry is under the microscope. there is an election on tuesday. so people are going to critsizes politically because probably to benefit of republicans and democrats to demonize the industry. so far the prices have been flat for the most part. the footures market rose very robustly but dropped off. crude oil prices are as low as they have been in more than a year. melissa: it is not just
the election comes in strong but still may not be enough to make a difference on election day. we'll break that one down. more "money" coming up. ♪ gecko (clearing throat) thank you, mr. speaker, uh, members of coness. in celebration of over 75 years of our government employees insurance company, or geico...as most of you know it. ...i propose savings for everyone! i'm talking hundreds here... and furthermore.. newcaster: breaking news. the gecko is demanding free pudding. and political parties that are actual parties! with cake! and presents! ah, that was good. too bad nobody could hear me. geico. fifteen minutes could save you fifteen percent or more on car insurance. ♪ . melissa: so we just got word power is finally back in the east village in the lowe east side in new york city but looting and mayhem hit the streets over the last few days. there were even reports of the guard yen angels out protecting the streets. with me, with his stories is edward, chef and owner at eddie and wolf a local hot spot in manhattan's lower east side. thanks so much for joining us. what do you see over
in these next days before the presidential election to balance of that very delicate line between just being political and being caring, not the ps/2. it's always a juxtaposition for the challenger. on the same day the president of the united states was touring the garden state with no less than chris christie, a lot of political mechanician is read into that one. as a new jersey resident, you take it wherever you can. earlier today, if you are chris christie looking for financial health, gorman and his job was offering id you ticket and run with it. today the two men during damaged areas. so many of the places that made new jersey one of the cost is clean of states in the country. now, back to florida and this race and how things stand. i want to bring you up-to-date on the latest poll. these are some shockers. we have always told you. my body with and we will be hearing shortly, it is as tight as a tape. is pretty much confirms it. 46-46. that is called a tie. now take a look at the approval and disapproval this is getting on the president and how he's doing on the economy. 45 percent are
for tomorrow's employment report. it may turn into a rally in november. most importantly, we have the election coming up next week. david: him, stay where you are. we want to bring in brian. it was a surprising three digit gain on the dow and s&p. were you surprised and, specifically, leading into the huge jobs report that will affect the election and markets, as well, how do we prepare for that? >> i think what you have this afternoon is a little bit of a melt up and short covering going in. we spent the month of october consolidating. now that we are setting up for the election, i think you are seeing physicians squaring at this point in time. the fiscal cliff will be the big focal point. you had the new adp report. some positivity going into those numbers for the employment data tomorrow. big picture here, though, i don't think anyone will be a hero right now. you are looking at the earnings report the little but more negative. not a big surprise. we have to go out on a limb here. we still have election day. liz: starbucks numbers are out. they are higher. as we pull apart these numbers, we
days until the election and what has become a very close race and it's taking an a back stage to the polls-- to the storm, rather, we will have the latest polls for you and the big question now, is romney losing momentum? we'll ask andrea about that and of course, we're following sandy throughout the program. stay right there. [ male announcer ] this is joe woods' first day of work. and his new boss told him twongs -- cook what you love, and save your money. joe doesn't know it yet, but he'll wk his way up from busser to waiter to chef before opening a restaurant specializing in fish and me from the great northwest. he'll start investing early, he'll find some good ople to help guide him, nd he'll set money aside from his first daof work this last, which isn't rocket science. it's just common sense. frotd ameritrade. >> well, today's big storm on the east coast taking some attention away from the election and it's only eight days away. and both candidates are more focused on hurricane sandy. obviously, all of us across the country are concerned about the potential impact of h
will take charge after the election. melissa: time for stocks, let's go to the floor of the new york stock exchange, nicole petallides standing by. stocks are in rally mode. nicole: it is interesting following the market after this historic reopening of the new york stock exchange yesterday we saw stocks mixed and virtually flat. today a nice rally underway by lots of aftermath and recovery after sandy. taking a look at these charts for you. seeing up arrows, the dow up 120 points, the s&p up nearly 1%, the tech heavy nasdaq up one and a quarter percent. you can look over a period of a month, the month of october we actually snapped a four month winning streak. october was a losing month on wall street butt kicking off november we're starting with up arrows across the board with names like home depot. everybody getting supplies to clean up after the hurricane, is a leader. lori: investors are loving the bullish economic data. better-than-expected jobs growth within u.s. companies adding more than 158,000 jobs last month. initial jobless claims dropped 363,000 last week better th
the election but becoming confident about the fate of the new york marathon. >> charlie gasparino? >> there firms are sponsors they tell me the new york city marathon they believe is canceled. do we have confirmation? we do not. there has been an uprising in the city. personally i think they should have it. at some point* we have to get back to normalcy but is hotly debated. in the financial community people are hearing it is done in. it one not have been. you often do it. >> i have run it go but it kos his days causes massive gridlock it is hard enough to get around. >> and is probably the distinctly impossible. the trading desk is usually right. of the mayor's office has not commented but the trading community affirms our sponsored so they have good intelligence. i heard that tiger woods was making his comeback but how did i get that? he has sponsors on wall street. they are generally good. liz: it goes over the bridge than other bridges and first avenue, the entire length then through harlem and down fifth avenue and central park we already have a dangling crane causing reebok.
, neil, the positives. >> the real problem is -- >> however many days before the election. neil: adam, i love you dearly, but i don't remember you focusing on the positives with george bush being president, but i'm getting old. >> i don't remember either. >> the economy's 2%, and even if you want to paint it, it would take us eight or nine years to be back to the employment weather during the highs of the last administration. to get to 4%, it takes that long to get all the jobs back. people can't wait that long. >> if it never moves from this level -- kneeling kneel it's been -- neil: it's been a long time. i mean, we shouldn't -- averaging it out, an if this is the new normal, you know, less than normal, and this is as good as it gets, maybe for good awhile as it gets, i can understand why companies sort of, you know, pu their horns in. >> yeah, the new normal, neil, les celebrate mediocrity. in the united states? neil: care. , i built a college career on that. >> so did i. that gets you through, but i want more of what adam is smoking in california, neil. he's talking about housing sho
. >> oh, john. >> but mine. >> and forgethe election, why big laborororor >> it's time for what i need to know next week. >> after the election there is events to pssure lawmakers not to save social security and medicare. >> and john lay field. >> if you listen to wayne and johnathon you make money. there is a way to work with ford and it is a good stock. >> and up to wayne rogers. >> thank you, john. i like ford, too. the cash america trade suggest less and nine times earnings. >> johnathon? >> i like the floating rate funds pennant park. pflt. i ownit in my asset management enterprise. >> and it will do well. >> quick reminder with the election closing n neil cavito will be here next weekend. and live sunday
the presidential election on tuesday. unemployment rising to 7.9% in october. joining us now scott minor, chief investment officer at guggenheim partners. what will make the job market pick up steam from here? isn't this lackluster growth that we will see in the months and maybe years? >> the hole that we are coming out of is buried deep. job growth is actually very good relative to prior expansions. the problem is it is not enough to make up for the site of the hole that we dug in the crisis. going forward, you know, actually, i hate to focus on sandy, but sandy probably will be good for job growth and economic activity. i think we will continue to see this trend of improving job growth in the months ahead. dagen: we talk about the rebuilding and construction work that go on after a storm like this. if you look at sandy right now and the aftermath and the fact you have the most populated area in the entire country, large swaths of it completely shut down, won't that show up in the growth figures negatively? >> you bring up a good question. i think it will distort the numbers for a number of mo
. melissa: one week until election day how will the northeast impact boating? neil cavuto will join us later in the hour. breaking news. hurricane sandy. you want to tell us where we are going? let's go to robert gray who is standing by in new york with more on this. robert: thanks very much. fluid situation out here, but we grab colonel paul owen with the u.s. army corps of engineers. thanks for joining us on fox business. talked to was a little bit about the situation. you are surveying lower manhattan and had a look around more of the city before we grab you here. how is the situation after the storm last night? >> doing remarkably well dues to the city prepared this and the state preparedness. they have done a great job building the infrastructure in order to withstand that tremendous storm we had last night. a historical storm. robert: you have been around a lot of these storms. how does this compare with the larger stores? >> the biggest one i have seen. i am new to this area. i don't think anyone has seen water lapping into battery park like a was last night and i had a chance to obse
this all mean for next tuesday's presidential election? connell: we will talk about that and then he is the focus of debate with millions out of power. what needs to be done to keep people out of the dark in the future? dagen: it is the top of the hour right now. stocks now and every 15 minutes. something we have not been able to save for the last two days. last time the stock exchange was closed for two days for a storm, 1888. nicole petallides doesn't remember that day. nicole: our great-grandparent's when the new york stock exchange was closed for two days because of the weather and here we are for monumental opening. we are back in action. everything opened very smoothly, 90% of traders seem to be here. many are telling their stories of no power, trees falling. many of them are unshaven as well but they are heros one way or another near the opening, and there are some issues that still remain for some individual brokers. not stocks that you follow but individual brokers. we do not have cellphones service and landlines are few and far between. trying to call somebody from here see
canceling appearances because of the storm. the impact it will have on the election that is just eight days away. good morning, everybody. we continue to track hurricane sandy. 90-mile per hour sustained winds. the storm still a category one, but it is so much more. connell: job astarte is all over it. it is so much more. you have been on it from the beginning. >> one of the things i have been advocating over the years is the power rating. if you do not find the real high winds and one small area, like we see in some of the storms like charlie, remember charlie, it will spread out, it will be a larger area of very strong wind and you will get the same net result as it hits land. what we have been saying at whether bell is when it took the turn to the northwest, we have been on this for the last five or six days i actually believe it is a bit stronger than what the hurricane center is saying. south of montauk, there have been wind gusts of 130 miles per hour. that would be close to what that barometric pressure is. that is now down as low as we have ever seen it. this is an extremely serious
numbers just days before elections. we sort it all out for you. connell: stocks now with the cult of -- nicole petallides. nicole: so far, so good. day two of trading after hurricane sandy hits the eastern seaboard. names like home depot and lowe's have been doing well on the heels of everybody rushing to get things to clean up after the hurricane hit. also, there was separation as well. the immediate impact of sandy is quite significant, trucking volumes and that will take time for a to get back to normal. the more people over the last year or so. hell shire posted solid topline during the latest quarter. connell: it was an absolute commuting nightmare. take a look at the gas lines. this is similar in many areas. miles long. people waiting for hours following hurricane sandy to fill up their car. let's bring in tom kloza. >> this is all about the power. once the power comes back, people will get their fuel. connell: it is not as if in a normal situation we would have any supply issues. you definitely have a lot of demand for gasoline. power is a big-time issue. does it have any i
through this election, regardless of who wins, our leaders in washington come together and develop a plan to deal with our fiscal challenges. >> well, springs eternal, we'll see, i was saying teddy, teddy weisberg, teddy was here the last time we had a two day disruption in 1888 and now, must be living history all over again. teddy. how do you think it's going today? >> well, i think it's going to be a normal day, neil. and you know, perhaps a little pentup demand and we've had to sit at home for two days and think about what we're going to do. you know, it's the last day of the month so that makes it a little unusual and the last day for the fiscal year for a lot of of mutual funds and institutions so they're going to be closing their books today. normally this would be the last couple of days of october are always busy particularly the last day, and perhaps a little more buy in today because we've been out of business for a couple of days, but i don't expect anything other than increased volumes and anything unusual in terms of market movement one way or the other. >> everyone seems to
: the massive storm also hitting the nation's capital and if the campaign trail with the election day just over a week away. melissa: hurricane sandy pounding the east coast. we have rubber great and jeff flock covering this. >> we have emergency officials from the fire department telling people to leave. it is in evacuation zone after all. obviously, it is closed today. sandbags outside. lots of tourist there incidentally taking pictures. getting a little more than they bargained for with their trip to new york. there are a few shops open. down here in battery park, you cannot even find a starbucks or mcdonald's that is open much less one of the local dailies. they are all closed up. it will be a large impact. i heard from the president of bliss at the spot, i am sure you know it well, melissa, it is really unfortunate that they had to close. this things always seem to happen at the end of the month. what would they rather do than go to the spa, but unfortunately, he could not get his workers in. so many of these places are closing down, including the restaurant we are standing in the backyard
and north america was phenomenal. don't forget a week away from presidential elections both candidates may bring this up between now and then and speaking of which the key swing state of ohio seems to be tilting tornado romney. and it's obviously close, but the first time romney had even a modest lead in ohio and perhaps, ads like this one, criticizing president obama's handseling of the auto industry could sway voters there. >> obama took gm and chrysler into bankruptcy, and sold chrysler to italians who are going to build jeeps in china. mitt romney will fight for every american job. charles: all right guys, ford didn't take a bailout and amazing numbers, general motors in the meantime, losing market share, bogged down by the volt, bogged down by a pension, bogged down by government interference, i don't know. >> all of solvable exception the pension problem. they didn't go through a regular structured bankruptcy which is what romney said they could do. yeah, but governor romney there was no private finance, remember the financial markets were collapsing and yet if you read his op-ed and
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